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rbowen87 rbowen87
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A year ago
Scenario: Suppose India borrows $10,000 from the United States at the beginning of 2016. The flexible exchange rate is 50 Indian rupees per dollar.


Refer to the scenario above. If India pegs the exchange rate at 70 rupees per dollar, it will require ________ rupees to repay the loan in dollars.

▸ 700,000

▸ 70

▸ 70,000

▸ 7,000
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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lewmyrlewmyr
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A year ago
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rbowen87 Author
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A year ago
Thanks
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Thanks for your help!!
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You make an excellent tutor!
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